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Benami transaction act
Does puchasing property out of funds taken as unsecured loans (from Brother) amounts to benami transaction
Replies (6)
No, provided purchased in own name.
if purchased of property through gift received from relatives is covered under benami act?
No, provided the gifted property was not 'benami' earlier.......
sir it is necessary to make loan agreement in case of loan received from relatives through banking channel...
sir it is necessary to make loan agreement in case of loan received from relatives through banking channel...
Department requires loan confirmation, be it loan agreement or just confirmation letter.
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